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Current Affairs 8 April 2026
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NATIONAL AFFAIRS
Union Minister Giriraj Singh Releases Report ‘Market for Textiles & Clothing: National Household Survey 2024’
On April 6 2026, Union Minister Giriraj Singh, Ministry of Textiles (MoT), released a study report on Domestic Demand of Textiles titled “Market for Textiles and Clothing: National Household Survey 2024” in presence of Neelam Shami Rao, Secretary, MoT, in New Delhi, Delhi.
- The survey, conducted by the Textiles Committee, evaluates household demand for Textiles and Apparel (T&A) and serves as a key reference for policymakers and industry to plan growth strategies.
Key Findings of the Report:
Market Expansion: The domestic demand for textiles grew from Rs 4.89 lakh crore in 2010 to Rs 14.95 lakh crore in 2024, recording a Compound Annual Growth Rate (CAGR) of 8.3%.
Household Contribution: Household demand specifically rose from Rs 4.18 lakh crore (2010) to Rs 8.77 lakh crore (2024).
Per Capita Demand: Reflecting rising incomes, the per capita demand for textiles increased from Rs 2,119 in 2010 to Rs 6,066 in 2024 (7.8% CAGR).
NSO Launches Inaugural Annual Survey of Incorporated Services Sector Enterprises
In April 2026, the National Statistics Office (NSO), under the Ministry of Statistics and Programme Implementation (MoSPI), officially launched the inaugural Annual Survey of Incorporated Services Sector Enterprises (ASISSE) aimed to develop a comprehensive database of the incorporated (registered) services sector in India.
- The newly launched survey, rolled out from April 2026, covers incorporated services sector enterprises across all States and Union Territories (UTs), with the reference period being the Financial Year 2024-25 (FY25).
About ASISSE:
Target Enterprises: The survey covers corporate entities in the services sector, which are registered under the Companies Act, 1956/2013 or Limited Liability Partnership (LLP) Act, 2008.
Services Sectors Covered: The new survey covers a wide range of services sectors which include: trade, transport, hospitality, Information Technology (IT), education, healthcare, among others.
Methodology: The ASISSE survey is expected to cover nearly 1.21 lakh enterprises, using the Goods and Services Tax Network (GSTN) database.
GoI Notifies Amaravati now sole capital of Andhra Pradesh
In April 2026, the Ministry of Law & Justice (MoL&J) formally notified Amaravati as the exclusive capital of Andhra Pradesh (AP) after both houses of Parliament i.e. Lok Sabha (Lower House) and Rajya Sabha (Upper House), passed Andhra Pradesh Reorganisation (Amendment) Act, 2026 and received presidential assent.
- With passage of the Amendment Act and President’s assent, Amaravati will now be the permanent capital city of AP.
Key Details:
Effective From: As per the official notification, the newly enacted Amendment Act, shall be deemed to have come into force on June 02, 2024.
Key Changes: The AP Reorganisation (Amendment) Act, 2026, amended the Section 5 of AP Reorganisation (APR Act, 2014) which stated that Hyderabad would remain the common capital of Telangana and Andhra Pradesh for 10 years.
- Also, by inserting the word “Amaravati” into the APR Act, 2014, it nullifies the decision of previous AP government which proposed 3 capitals for the state – Amaravati, the legislative capital; Visakhapatnam, the executive capital; and Kurnool, the judicial capital.
India’s Indigenously Built Prototype Fast Breeder Reactor at Kalpakkam, TN Achieves Criticality
On April 6, 2026, India’s 1st indigenously developed 500 Megawatt electric (MWe) Prototype Fast Breeder Reactor (PFBR) at Kalpakkam in Tamil Nadu (TN), successfully achieved first criticality, marking the start of a controlled nuclear fission chain reaction.
- This achievement will give a significant boost to the crucial second stage of India’s 3-stage nuclear programme.
About PFBR:
Type of Breeder: It is a sodium-cooled, pool-type Fast Breeder Reactor (FBR) that produces more fuel than it consumes.
Designed by: It was designed by the Indira Gandhi Centre for Atomic Research (IGCAR), a Research & Development (R&D) centre under the Department of Atomic Energy (DAE).
Developed by: PFBR, developed and operated by Bharatiya Nabhikiya Vidyut Nigam Limited (BHAVINI), a Central Public Sector Enterprise (CPSE) which works under the DAE.
Fuel Used: For the initial phase, FBR will operate using Uranium-Plutonium Mixed Oxide (MOX) fuel.
Breeding Process: The core of the reactor is surrounded by a blanket of Uranium-238 and fast neutrons convert these fertile Uranium-238 into fissile fuel.
Significance: Once operational, India will be the second country after Russia to run a commercial Fast Breeder Reactor.
Indian Army Unveils Technology Roadmap for UAS & Loitering Munitions in Delhi
In April 2026, the Indian Army (IA) unveiled the ‘Technology Roadmap for Unmanned Aerial Systems (UAS) and Loitering Munitions’ to strengthen India’s self-reliant drone ecosystem and enhance modern warfare capabilities.
- A 50-page strategic document was released by Lt Gen Rahul R Singh, Deputy Chief of the Army Staff (CoAS)(Capability Development & Sustenance), at Bharat Mandapam, in New Delhi (Delhi).
About Technology Roadmap:
Purpose: It provides long-term clarity on the Indian Army’s UAS requirements and aligns operational needs with technological development, guiding industry, academia, and Research and Development (R&D) investments toward priority areas.
Scope: The roadmap covers 30 types of UAS and loitering munitions, translating into nearly 80 variants across diverse operational needs.
Categories: It is divided into five segments: Surveillance, Loitering Munitions, Air Defence UAS, Special Role UAS, and Logistics UAS.
Technology: It includes High Altitude Long Endurance (HALE), Medium Altitude Long Endurance (MALE), swarm drones, First Person View (FPV) drones, anti-drone systems, Manned-Unmanned Teaming (MUM-T), and ‘mother-child drone’ concepts.
India Adds Record 6.05 GW Wind Power in FY26, Surpassing 56 GW Total Capacity
In April 2026, the Ministry of New and Renewable Energy (MNRE) announced that India achieved its highest-ever annual wind energy capacity addition of 6.05 Gigawatt (GW) in Financial Year 2025–26 (FY26), marking a major milestone in the Renewable Energy(RE) sector.
About India’s Achievement on Wind Energy:
Record Growth: The addition surpassed the previous record of 5.5 GW set in FY17 and represents a 46% increase over the 4.15 GW added in FY25.
Capacity Milestone: India’s total installed wind power capacity has crossed 56 GW, strengthening its global position and supporting the target of 500 GW non-fossil fuel capacity by 2030.
States: Gujarat, Karnataka, and Maharashtra lead installations supported by favourable policies and hybrid project deployment.
BANKING & FINANCE
Bajaj Alts Gets SEBI Approval to Launch Portfolio Management Services
In April 2026, Bajaj Alternate Investment Management (Bajaj Alts), an arm of Bajaj Finserv Limited, secured the regulatory approval from the Securities and Exchange Board of India (SEBI) to launch Portfolio Management Services (PMS).
- PMS is a service where experts manage your investments like stocks and bonds based on your goals and risk level.
Key Details:
Expansion: Following this approval, the firm consolidated its position as a diversified investment platform, offering comprehensive solutions across Alternate Investment Funds (AIFs) and PMS.
Target: Through its PMS Business, the company mainly aims to target High-Net Worth Individuals (HNWIs) and Ultra High Net-Worth Individuals (UHNWIs), offering differentiated strategies, supported by deep research and institutional investment processes.
Key Focus: The service will focus on strong research and effective risk management, using technology to improve transparency and control risks, with the aim of delivering steady and balanced returns.
RBI Cancels Shirpur Merchants’ Co-op Bank Licence Over Poor Finances
In April 2026, the Reserve Bank of India (RBI) cancelled the licence of Maharashtra’s Shirpur Merchants’ Co-operative Bank Limited over inadequate capital and poor earning prospects, under Section 22 read with Section 56 of the Banking Regulation (BR) Act, 1949.
- As per RBI, the co-operative bank will cease all banking activities from the close of business on April 06, 2026.
Key Details:
Key Reasons: RBI in its official order specified the key reasons for the cancellation of licence like: the lender failed to comply with several provisions of the BR Act, 1949, including requirements related to capital adequacy and operational conditions for banking institutions.
Liquidation: The RBI has also requested the Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra, to initiate the bank’s winding-up process and appoint a liquidator.
Depositor Insurance: As per RBI directions, every depositor will receive deposit insurance claim amount of his or her deposits of maximum Rs 5 lakh from Deposit Insurance and Credit Guarantee Corporation (DICGC), subject to the provisions of DICGC Act, 1961.
- As of January 31, 2026, DICGC had insured deposits worth Rs 48.95 crore.
ECONOMY & BUSINESS
Morgan Stanley Lowers India GDP Growth Forecast for FY27 to 6.2%
In April 2026, Morgan Stanley lowered its real Gross Domestic Product(GDP) projection for India by 30 basis points (bps) to 6.2% for Financial Year 2026-27 (FY27) from its previous estimate of 6.5%, due to ongoing conflict in West Asia.
Key Projections:
Q1FY27: The firm has further projected that India’s GDP growth rate at 5.9% Year-on-Year (YoY) basis in 1st Quarter(Q1: April-June) of FY27.
- This projection for Q1FY27 is based on factors like: softening of industrial activity, margins compress and tightening of external financing tightens.
Inflation: The ratings projected CPI inflation to average at 5.1% Y-o-Y in FY27 due to higher production costs, currency weakness and firmer food goods.
CAD: Due to higher oil prices, India’s Current Account Deficit (CAD) is expected to widen by around 150 bps to nearly 2.5% of GDP in FY27 compared to nearly 1% in last financial year.
- Fiscal deficit is projected at around 4.3% of GDP.
AWARDS & RECOGNITIONS
UP’s Divya Singh Becomes First Indian Woman to Cycle to Everest Base Camp in 14 Days
In April 2026, Divya Singh, a 28-year-old teacher from Gorakhpur (Uttar Pradesh, UP), created history by becoming the first Indian woman and second woman globally, after Tammat Bil Khoar of Bangladesh, to reach Mount Everest Base Camp (EBC) on a bicycle.
About the Expedition:
Support & Management: The expedition was flagged off by Gorakhpur district officials and managed by Rustadventure1.
Route: The expedition covered Kathmandu (Nepal) to EBC via Saleri, Surke, Phakding, Namche Bazaar, Lobuche, and Gorakshep over 14 days with 10–12 hours of daily cycling.
Altitude: She reached a height of 5,364 metres (m) (17,560 feet) above sea level under extreme high-altitude conditions.
APPOINTMENTS & RESIGNATIONS
Jindal Stainless Appoints Actor Ranveer Singh as Brand Ambassador
In April 2026, Jindal Stainless Limited (JSL), a leading stainless steel manufacturing company in India, appointed renowned actor Ranveer Singh as its 1st brand ambassador.
- This collaboration will give a major boost to enhance brand visibility and expand the consumer base of the company.
Key Details:
Objective: The initiative aims to enhance awareness, strengthen audience connect, and highlight the importance of stainless steel in everyday life and infrastructure.
Campaign :Through this association, Ranveer Singh will feature in campaigns across television(TV), digital, and social media platforms.
Growth: The company reported an annual turnover of Rs 40,182 crore in Financial Year 2024-25 (FY25).It plans to scale up its facilities to reach 4.2 Million Tonnes (MT) of annual melt capacity in FY25.
- As of March 2025, it has a total of 16 stainless manufacturing and processing units in India and overseas, including Spain and Indonesia, and worldwide network in 12 countries.
IMPORTANT DAYS
International Day of Reflection on the 1994 Genocide against the Tutsi in Rwanda 2026- April 7
The International Day of Reflection on the 1994 Genocide Against the Tutsi in Rwanda is observed annually on 7 April to honor over 1 million victims of the 100-day genocide, while also recognizing the suffering of Hutus and others who opposed it.
- April 7 2026, marked its 32nd anniversary .
Background:
UN Designation : The United Nations General Assembly (UNGA) designated 7 April as the International Day of Reflection on the Genocide in Rwanda through Resolution A/RES/58/234 on 23 December 2003.
First Observance : The inaugural observance was held on 7 April 2004, marking the 10th anniversary of the genocide.
Title Revision : On 26 January 2018, the UNGA amended the title to ‘International Day of Reflection on the 1994 Genocide Against the Tutsi in Rwanda’ via Resolution A/72/L.31 to explicitly recognize the Tutsi as the primary victims.
World Health Day 2026 – April 7
The United Nations (UN’s) World Health Day is observed annually across the globe on 7th April to promote global health awareness and highlight the role of scientific collaboration in addressing health challenges.
- 2026 Theme: “Together for Health. Stand with Science”.
Background:
Proposal: The World Health Organization (WHO) proposed World Health Day during the First World Health Assembly (WHA) in 1948 and continues to sponsor it annually in collaboration with other health organizations to promote global health awareness.
- April 7 marks the founding of WHO in 1948
1st Observance: World Health Day has been observed annually on April 7 since 1950.
2026 Events: The International One Health Summit (5–7 April 2026), hosted by France in Lyon, France.
- The inaugural Global Forum of WHO Collaborating Centres (7–9 April 2026).
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Current Affairs Today (AffairsCloud Today)
| Current Affairs 8 April 2026 |
|---|
| Union Minister Giriraj Singh Releases Report ‘Market for Textiles & Clothing: National Household Survey 2024’ |
| NSO Launches Inaugural Annual Survey of Incorporated Services Sector Enterprises |
| GoI Notifies Amaravati now sole capital of Andhra Pradesh |
| India’s Indigenously Built Prototype Fast Breeder Reactor at Kalpakkam, TN Achieves Criticality |
| Indian Army Unveils Technology Roadmap for UAS & Loitering Munitions in Delhi |
| India Adds Record 6.05 GW Wind Power in FY26, Surpassing 56 GW Total Capacity |
| Bajaj Alts Gets SEBI Approval to Launch Portfolio Management Services |
| RBI Cancels Shirpur Merchants’ Co-op Bank Licence Over Poor Finances |
| Morgan Stanley Lowers India GDP Growth Forecast for FY27 to 6.2% |
| UP’s Divya Singh Becomes First Indian Woman to Cycle to Everest Base Camp in 14 Days |
| Jindal Stainless Appoints Actor Ranveer Singh as Brand Ambassador |
| International Day of Reflection on the 1994 Genocide against the Tutsi in Rwanda 2026- April 7 |
| World Health Day 2026 – April 7 |
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